It’s sad to imagine, but should something happen to both parents, children under 18 years old will need a guardian to take care of them as well as make decisions for them.
While the number of cases of international child abduction is growing, these are often the most difficult to resolve due to the involvement of conflicting international jurisdictions.
What happens when following a relationship breakdown or a divorce one of the parents wishes to move back to his/her country of origin or move to a third country?
The fact that artists generally give very little consideration to proper estate planning can affect the value and the marketability of a single piece of art or an entire art collection thought their own lives
Mediation and arbitration can be very effective options for the resolution of art law related disputes, especially for those who prefer not to disclose sensitive or confidential information in open court.
All family assets – including Trusts – held in Hong Kong and overseas are normally considered part of the ‘matrimonial pot’ in divorce proceedings
Hong Kong has been experiencing a boom of family offices, further incentivised by tax breaks or residency options. It is indeed a very efficient Wealth Planning tool for HNWI.
Through proper Estate Planning same-sex couples can enjoy nearly similar benefits as other couples in Hong Kong, and their children can be suitably protected.
Transitioning ownership and control to the next generation is only one of the hurdles for many family business owners in succession planning
Valuation of artworks is the first step that an investor should think about as it has deep consequences in wealth and estate planning, as well as in case of future divorce proceedings.